Segmenting your audience will lead to a focused approach to customer acquisition and retention but many organisations struggle as to the best place to start.
In order to properly understand what kind of data, research and questions you will need to ask, it is first best to consider what you will ultimately do with that data. What is the business problem you are looking to solve? What data will provide the right insight into this? How will you activate that data and convert it into actionable insights?These are the areas of focus that Bonamy Finch think about when activating :
Brand/Portfolio Planning
- Providing foundational consumer knowledge to optimise brand strategy
- Managing brand portfolios to ensure brands have distinct targets
- Identifying target-need occasions
New Product Development
- Identify white space for new products and innovation
- Define target consumers and need occasions for new products
- Optimise the marketing mix for new products & services
Media & Targeting
- Shape communication tone and content to suit target consumers
- Inform media planning and purchase
- Evaluate effectiveness of targeted campaigns
Retail Strategy
- Messages to take to the trade
- Understanding customer motivations
- Understanding channels for specific occasions
Customer Relationship Management
- Identifying target consumers on CRM databases and tailor communication to suit consumer needs and motivations
- Enables next-best-action marketing at scale
